Air Liquide Shares Rise After Reports of Elliott Stake
By Adria Calatayud
Air Liquide shares rose after media reports that activist investor Elliott Management has built a stake in the French supplier of industrial gases.
Shares in Air Liquide were up 3.5% in European morning trading Tuesday, taking their year-to-date gain to more than 20%.
The rise came after the Financial Times and other publications reported, citing unnamed sources, that Elliott has taken a stake in Air Liquide.
Elliott declined to comment. Air Liquide didn't respond to a request for comment.
Air Liquide has increased its profit margins since 2020, has a record order backlog and its recent acquisition of DIG Airgas means there isn't an obvious traditional activist playbook for the company, analysts at Bernstein wrote in a note to clients. But Air Liquide still has room for incremental improvements without changing its strategy, such as boosting its exposure to the growing space industry, they added.
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
September 01, 2026 04:14 ET (08:14 GMT)
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